Ineffective payroll management and shoddy payroll systems can result in personal liability (including JAIL TIME) for non-compliance.
Business Management Daily helps our readers with information on payroll processing and tips on timesheets that will help you to implement payroll programs that pay off.
States have their own W-2 e-filing thresholds and specifications. This chart summarizes those requirements.
If you’re shopping around for group health benefits on the SHOP, don’t forget to factor in the value of the small business health care credit when evaluating the cost of a group policy.
Increases to the personal exemption amount, which doubles as the annual withholding allowance amount, are based on increases to the August Consumer Price Index. Here are the crucial payroll figures you need now.
Q: HR’s latest benefit is a computer purchase program, which is an interest-free loan. The guidelines state its purpose is to encourage employees to purchase up-to-date equipment, increase their comfort level with technology and extend those educational and personal benefits to their families. Employees can borrow up to $1,500, payable over 24 months via payroll deductions. We’re concerned with two aspects of this program ...
The IRS has pegged 317 projects in its annual Priority Guidance Plan, commonly called the business plan. While that’s down from last year’s 324 projects, many of them will have a substantial impact on your payroll operations.
Instead of stuffing all your year-end duties into December, you’ll lighten the load considerably by completing some of these key tasks now.
Completing Forms W-2/W-3, and getting them into the hands of employees and the Social Security Administration on time, is tough enough. Your stress is further compounded if you also handle Forms 1099-MISC for the company’s independent contractors. Here’s what you need to know for the upcoming 1099 filing season.
This is your monthly guide to critical payroll due dates.
Q: A new employee wants us to direct deposit her paychecks into a business bank account. She’s provided proof that she’s the signatory on the account. Is this OK?
Q: The company pays bonuses to employees every fall. We’ve run across several 2014 W-4 forms on which employees claim an exemption from federal and state income tax withholding. Can we still withhold using the 25% flat supplemental withholding rate for federal purposes?